The price of Bitcoin fell by 6.31% to 80,270.7 USDT, and the price of Ethereum fell by 9.78% to 2,106 USDT.
Affected by the hacker's money laundering incident, THORChain's trading volume surged to $8.6 billion.
CoW Swap market share soared to 26%, challenging the leading position of 1inch DEX aggregator.
Bybit hackers whitewash 50% of stolen ETH through THORChain.
MetaMask releases new roadmap, supports Bitcoin and Solana, and introduces smart contract accounts.
Jupiter collaborates with Bubblemaps to enhance transparency and reshape the DeFi ecosystem.
The number of active addresses on the Solana network has dropped to 3.28 million.
Market Commentary
BTC — BTC price has dropped by 6.31% over the past 24 hours and is currently trading at 80,270.7 USDT. BTC fell in volume today, broke through the 80,000 USDT integer mark, and formed a short-term support near 79,500 USDT. The moving average bears are aligned, and the overall bearish sentiment in the market has increased. 【1】
ETH - The ETH price has fallen by 9.78% in the past 24 hours, and is currently priced at 2,106 USDT. The ETH price has been continuously declining within the 1-hour channel, and has failed to break above the resistance level near 2,380 USDT multiple times. The bearish alignment of moving averages indicates a downward trend, reflecting a bearish market sentiment in the short term. The MACD indicator is also in the negative zone, signaling a lack of rebound momentum in the market, which remains weak.
ETF - According to SoSoValue data, the total net outflow of the US Bitcoin spot ETF on February 27 was $275 million, and the total net outflow of the US Ethereum spot ETF was $71.08 million. Data as of 2月28日14:00 PM (UTC+8).【4】
Shanzhai Coin — Recently, Shanzhai Coin has shown overall weakness, with a general market pullback. Most sectors have fallen in the past 24 hours, and there is a lack of clear signs of capital inflows, indicating that overall investment sentiment remains cautious. In the short term, the trend of Shanzhai Coin still faces pressure. [5]
US Stock Three Major Indexes - On February 27th, the S&P 500 index fell by 1.59%, the Dow Jones index fell by 0.45%, and the Nasdaq index fell by 2.78%.【6】
Spot Gold - The spot gold price is at $2,869.27 per ounce, down 0.27% intraday. Data as of February 28, 12:00 PM(UTC+8).【7】
Fear and Greed Index - Fear and Greed Index 16, the market is still in a state of extreme panic.【8】
Popular Tokens
According to Gate.io market data[9], combined with the 24-hour trading volume and price performance, the popular altcoins are as follows:
**VON (Vameon) **- The single-day increase is about 52.42%, with a market capitalization of $49.97 million.
Vameon is an AI Play-to-Earn Metaverse platform based on the BNB Chain, with its core game being 'dEmpire of Vampire'. This is a dark fantasy style mobile game that focuses on action RPG and PVP gameplay, providing players with an instant gaming experience. Players can earn VON tokens by participating in the game.【10】
VIN's recent rise is mainly due to its gradual introduction of several incentives in the Vameon ecosystem. First of all, VON holders can enjoy a free VIP Club membership with exclusive benefits. Secondly, players who hold VON tokens can enjoy a 30% discount on the purchase of NFT-Earn assets. In addition, the VON token also supports staking, providing investors with high passive income. With the introduction of new features such as quarterly reward distribution and in-game purchase discounts, the usefulness of VON has been further enhanced, driving the growth of market demand and contributing to the increase in its value.
**SHELL (MyShell) **— with a daily increase of about 17.9%, the market value is 165 million dollars.
MyShell is a decentralized AI platform designed to connect consumers, AI agent creators, and open-source researchers to facilitate the creation, sharing, and monetization of AI agents. ITS NATIVE TOKEN, SHELL, IS USED WITHIN THE PLATFORM FOR A VARIETY OF PURPOSES SUCH AS PAYMENTS, REWARDS, AND GOVERNANCE. 【11】
The main reason for the recent rise in SHELL tokens is the positive market response triggered by the news of its listing on a certain well-known CEX. This listing event has sparked investors' interest, and the token will also participate in a certain CEX HODLer airdrop, further increasing its market attention and driving the price growth of SHELL tokens.
CKB (Nervos) — a one-day increase of about 12.78% and a market capitalization of $338 million.
Nervos Network is an open-source public blockchain ecosystem designed to create a decentralized crypto-economic network where users can access various provably secure blockchain services and functions. The platform supports developers in building decentralized applications that can run on multiple blockchain systems, enhancing cross-chain interoperability and scalability.
The recent rise in CKB may be related to the continued development and improvement of the Nervos Network. In particular, the release of Nervos Docs v2.15.0, which enhanced its scalability, developer experience, and Layer 2 solutions, drove the demand for CKB. This, coupled with the expansion of the ecosystem and improved market sentiment, contributed to the significant increase in the price of CKB. In the future, the long-term growth of CKB still depends on the development of the ecosystem and the continuous advancement of technological innovation.
Highlighted Data
The number of active addresses on the Solana network drops to 3.28 million
According to data from The Block, the number of active addresses on the Solana network has dropped to 3.28 million, a 50.5% decrease compared to the peak of 6.63 million in November last year. The number of active addresses on the Solana network experienced a significant growth between November and early December 2024, but then showed continuous fluctuations and declines, especially in February 2025.
The overall crypto market has been sluggish recently, and the activity of the Solana network has borne the brunt of the market downturn. Nonetheless, the Solana network has shown strong appeal to users over the past few months, and it is likely that the Solana network will once again see an increase in activity as the market picks up and the ecosystem continues to grow.
Affected by the hacker money laundering incident, THORChain's trading volume surged to $860 million
THORChain's trading volume has seen a significant increase since February 22, reaching as high as $8.6 billion, while the platform's daily average trading volume was only about $70 million before. At the same time, the platform's daily revenue surged from about $50,000 per day before the 22nd to $765,000. The dramatic increase in trading volume is closely related to the hacking activity of the Bybit theft, where hackers used THORChain as a money laundering channel to convert the stolen ETH from Bybit into BTC and further transfer funds. [14]
This incident has exposed the compliance, security, and anti-money laundering risks of decentralized protocols. The crypto industry should strengthen security monitoring and compliance measures, block illegal funds from being laundered and flowing into the market through on-chain analysis, address tracking, and cooperation with regulatory agencies, and prevent decentralized finance (DeFi) from becoming a breeding ground for criminal funds.
CoW Swap market share soared to 26%, challenging the leading position of 1inch DEX aggregator
CoW Swap's market share reached 26% in January 2025, doubling from 12% in the same period last year, demonstrating its strong rise in the DEX aggregator market. This growth is primarily attributed to its unique 'Coincidence of Wants (CoW)' mechanism, which directly matches traders whenever possible, reducing reliance on liquidity pools, decreasing slippage and trading costs, and enhancing protection against frontrunning and maximum extractable value (MEV) exploitation.
At the same time, market leader 1inch's market share has dropped to 30%, showing that the new protocol is competing for industry leadership through innovation. With the return of institutional traders and large wallets, the efficiency of DEX aggregators in processing large transactions has become critical. How to optimize slippage management and provide competitive pricing for large transactions will be a key factor in determining market share allocation. 【15】
Overall, the rapid growth and market share increase of CoW Swap reflect traders' strong demand for efficient trading and optimized routing solutions. With intensifying market competition, the DEX aggregator space may see more innovation and changes.
Hot Reviews
Bybit hackers launder 50% of stolen ETH through THORChain
According to Spot on Chain monitoring, the Bybit hacker has successfully laundered 266,309 ETH in the past 5 and a half days, approximately $6.14 billion, accounting for 53.3% of the total stolen amount. The hacker mainly converts ETH to BTC through THORChain, laundering an average of 48,420 ETH per day. At this rate, the remaining 233,086 ETH is expected to be fully converted in just 5 days. As a decentralized cross-chain trading protocol, THORChain makes it difficult to trace or freeze funds, increasing the difficulty of regulation. At the same time, the large-scale selling of ETH and rising demand for BTC may cause certain market fluctuations.
In the future, regulators may strengthen monitoring of THORChain and related addresses, but due to its decentralized nature, enforcement remains challenging. Hackers may further diversify transaction paths to evade scrutiny and tracking. As the whitewashing process nears its end, market and regulatory responses are worth watching. [16]
MetaMask releases new roadmap, supports Bitcoin and Solana, and introduces smart contract accounts
MetaMask announced a new roadmap on February 28, planning to add support for Bitcoin (BTC) and Solana (SOL) networks, allowing users to manage multi-chain assets in the same wallet. At the same time, MetaMask will introduce Smart Contract Accounts (CA), which support transaction recovery mechanisms compared to traditional Externally Owned Accounts (EOA), enhance security, and allow more complex automated transactions. In addition, the wallet will support ERC-5792 batch transactions to reduce Gas fees, improve transaction efficiency, and launch the MetaMask debit card in the United States to support cryptocurrency payments.
This upgrade has far-reaching implications for the market. The multi-chain support further consolidates MetaMask's leading position in the wallet market, pulling ahead of competitors such as Trust Wallet and Brave. The introduction of smart contract accounts may drive the development of Ethereum Account Abstraction (AA) technology, improving the user-friendliness of Web3 applications. In addition, the launch of MetaMask debit card will promote the popularization of crypto payments, accelerate the integration of cryptocurrencies with the real economy, and drive overall market adoption rates up. [17]
Jupiter collaborates with Bubblemaps to enhance transparency and reshape the DeFi ecosystem
Jupiter's Trenches platform has partnered with BubbleMaps to integrate token holder analytics. With this integration, users can visually view and analyze token holdings and transfers using BubbleMaps' interactive bubble maps on the Trenches platform. This helps users identify correlations between token holders and uncover potential market manipulation, thereby increasing the transparency and accuracy of investment decisions.
Bubblemaps' partnership with Jupiter enables users to more intuitively analyze token holdings and money flow paths. This is crucial for the DeFi space, as many projects have opaque token distributions, which can lead to market manipulation or insider trading by whales. This cooperation enhances the transparency of the DeFi ecosystem, which may have an impact on the trading strategies of some large investors and project parties in the short term, but in the long run, it will contribute to the healthy development of the market and improve the trust of retail investors and institutions. For Jupiter, this is a key layout to enhance the competitiveness of the ecosystem, which may attract more stable investors and promote the further decentralization of the Solana ecosystem. 【18】
Ripple and Korean BDACS reach cooperation, promote institutional custody development of XRP and RLUSD
Ripple announced a strategic partnership with the South Korean digital asset company BDACS to provide institutional custody services for XRP and RLUSD. According to the cooperation agreement, BDACS will utilize Ripple's custody solution to provide secure custody for digital assets, including XRP and RLUSD. This is in line with the regulatory approval roadmap of the Financial Services Commission (FSC) of South Korea, aimed at promoting institutional investor participation in the South Korean digital asset market.
Ripple has been promoting XRP as an international payment solution, and this partnership not only boosts XRP adoption in the South Korean market, but also provides better institutional-grade custody support for XRP and RLUSD. Overall, the partnership strengthens Ripple's presence in the South Korean market and could bring new growth momentum to its payments and stablecoin businesses. However, in the short term, it remains to be watched for XRP price volatility and market acceptance of RLUSD. 【19】
Financing Information
According to RootData data, in the past 24 hours, a total of 6 projects have publicly announced financing, with a total financing amount of more than 22 million US dollars, and the highest single financing amount of 12 million US dollars, involving infrastructure, DePIN and other fields, the following are the financing details:[20]
**Orochi Network **- Orochi Network has completed a $12 million financing round, with participation from Presto Labs, Smape Capital, and others. Orochi Network focuses on building a verifiable data infrastructure, aiming to provide efficient and secure data solutions for the blockchain ecosystem.
The funding will help accelerate product development and market expansion, further strengthen its position in the crypto space, and strengthen the development of Web3 data verifiable infrastructure, while also reflecting the institution's strong focus on decentralized data transparency and security. In the long run, if the project can successfully standardize data validation, it will have a profound impact on DeFi, NFT, cross-chain protocols, and other fields.
**Shaga **- Shaga has completed a $4 million financing round, with participation from IOSG Ventures, Everyrealm, and others. Shaga is a decentralized physical infrastructure network (DePIN) project in the Solana ecosystem, dedicated to breaking through hardware limitations and providing ultra-low latency, high-performance cloud gaming experience, allowing global users to enjoy high-quality game content more conveniently. The project allows ordinary users to convert idle gaming computers into network nodes, providing computing power support to other players. Participants can receive token incentives while contributing hardware resources, thereby reducing the barrier to entry for high-performance gaming.
**Finisterra **- Finisterra Labs has completed a $3.75 million seed round of financing, with participation from Haun Ventures, Lightshift, and others. Finisterra Labs is a Web3 technology company focused on decentralized data infrastructure. This round of financing will be used to develop the decentralized data marketplace Baselight, aimed at addressing issues such as data fragmentation, high access costs, and unfair profit models. The Baselight platform will provide data services that are queryable, computable, and monetizable for financial analysts, DeFi developers, AI teams, and more. The team plans to expand the data ecosystem, optimize analytics engines, and deepen the integration of AI, finance, and blockchain to promote data democratization.
As Baselight develops, it may bring new changes to the data service field, promote open sharing of data, and fair distribution of benefits.
Airdrop Opportunity
SoneX
SoneX is the core DeFi project of the Soneium ecosystem, supported by Sony Block Solutions Labs and Startale. As one of the first projects incubated on the Soneium mainnet, SoneX is positioned as an AI-powered decentralized exchange (DEX). Its goal is to provide users with efficient and secure digital asset trading and financial services. SoneX recently launched the Astar Contribution Points (ACS) campaign, which allows users to participate in ASTR staking on the Sonex platform from February 20 to May 30, 2025, and receive dual incentives of tokens and points. These points may be directly related to future ecological airdrops, aiming to motivate users to actively participate in the construction of the platform ecosystem. 【21】
How to Participate:
Enter the SoneX official website activity page and connect your wallet
Go to the Swap page and exchange such assets to get points
Provide liquidity in Earn to earn points
Complete other tasks to earn points
Prompt:
Airdrop plans and participation methods may be updated at any time. Users are advised to follow SoneX's official channels for the latest information. At the same time, users should participate cautiously, be aware of risks, and conduct sufficient research before participating. Gate.io does not guarantee subsequent airdrop rewards.
Resources:
Spot on Chain,[https://platform.spotonchain.com/zh/signal-details/bybit-hacker-has-laundered-over-50-of-the-stolen-eth-within-a-week-post-hack-334609] (https://platform.spotonchain.com/zh/signal-details/ bybit-hacker-has-laundered-over-50-of-the-stolen-eth-within-a-week-post-hack-334609)
**gate Research Institute**
gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
DisclaimerCryptocurrency market investments involve high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
gate Research Institute: Hacker exploits THORChain to transfer 266,309 ETH, with CoW aggregator market share approaching 1inch
Summary
Market Commentary
BTC — BTC price has dropped by 6.31% over the past 24 hours and is currently trading at 80,270.7 USDT. BTC fell in volume today, broke through the 80,000 USDT integer mark, and formed a short-term support near 79,500 USDT. The moving average bears are aligned, and the overall bearish sentiment in the market has increased. 【1】
Popular Tokens
According to Gate.io market data[9], combined with the 24-hour trading volume and price performance, the popular altcoins are as follows:
**VON (Vameon) **- The single-day increase is about 52.42%, with a market capitalization of $49.97 million.
Vameon is an AI Play-to-Earn Metaverse platform based on the BNB Chain, with its core game being 'dEmpire of Vampire'. This is a dark fantasy style mobile game that focuses on action RPG and PVP gameplay, providing players with an instant gaming experience. Players can earn VON tokens by participating in the game.【10】
VIN's recent rise is mainly due to its gradual introduction of several incentives in the Vameon ecosystem. First of all, VON holders can enjoy a free VIP Club membership with exclusive benefits. Secondly, players who hold VON tokens can enjoy a 30% discount on the purchase of NFT-Earn assets. In addition, the VON token also supports staking, providing investors with high passive income. With the introduction of new features such as quarterly reward distribution and in-game purchase discounts, the usefulness of VON has been further enhanced, driving the growth of market demand and contributing to the increase in its value.
**SHELL (MyShell) **— with a daily increase of about 17.9%, the market value is 165 million dollars.
MyShell is a decentralized AI platform designed to connect consumers, AI agent creators, and open-source researchers to facilitate the creation, sharing, and monetization of AI agents. ITS NATIVE TOKEN, SHELL, IS USED WITHIN THE PLATFORM FOR A VARIETY OF PURPOSES SUCH AS PAYMENTS, REWARDS, AND GOVERNANCE. 【11】
The main reason for the recent rise in SHELL tokens is the positive market response triggered by the news of its listing on a certain well-known CEX. This listing event has sparked investors' interest, and the token will also participate in a certain CEX HODLer airdrop, further increasing its market attention and driving the price growth of SHELL tokens.
CKB (Nervos) — a one-day increase of about 12.78% and a market capitalization of $338 million.
Nervos Network is an open-source public blockchain ecosystem designed to create a decentralized crypto-economic network where users can access various provably secure blockchain services and functions. The platform supports developers in building decentralized applications that can run on multiple blockchain systems, enhancing cross-chain interoperability and scalability.
The recent rise in CKB may be related to the continued development and improvement of the Nervos Network. In particular, the release of Nervos Docs v2.15.0, which enhanced its scalability, developer experience, and Layer 2 solutions, drove the demand for CKB. This, coupled with the expansion of the ecosystem and improved market sentiment, contributed to the significant increase in the price of CKB. In the future, the long-term growth of CKB still depends on the development of the ecosystem and the continuous advancement of technological innovation.
Highlighted Data
The number of active addresses on the Solana network drops to 3.28 million
According to data from The Block, the number of active addresses on the Solana network has dropped to 3.28 million, a 50.5% decrease compared to the peak of 6.63 million in November last year. The number of active addresses on the Solana network experienced a significant growth between November and early December 2024, but then showed continuous fluctuations and declines, especially in February 2025.
The overall crypto market has been sluggish recently, and the activity of the Solana network has borne the brunt of the market downturn. Nonetheless, the Solana network has shown strong appeal to users over the past few months, and it is likely that the Solana network will once again see an increase in activity as the market picks up and the ecosystem continues to grow.
Affected by the hacker money laundering incident, THORChain's trading volume surged to $860 million
THORChain's trading volume has seen a significant increase since February 22, reaching as high as $8.6 billion, while the platform's daily average trading volume was only about $70 million before. At the same time, the platform's daily revenue surged from about $50,000 per day before the 22nd to $765,000. The dramatic increase in trading volume is closely related to the hacking activity of the Bybit theft, where hackers used THORChain as a money laundering channel to convert the stolen ETH from Bybit into BTC and further transfer funds. [14]
This incident has exposed the compliance, security, and anti-money laundering risks of decentralized protocols. The crypto industry should strengthen security monitoring and compliance measures, block illegal funds from being laundered and flowing into the market through on-chain analysis, address tracking, and cooperation with regulatory agencies, and prevent decentralized finance (DeFi) from becoming a breeding ground for criminal funds.
CoW Swap market share soared to 26%, challenging the leading position of 1inch DEX aggregator
CoW Swap's market share reached 26% in January 2025, doubling from 12% in the same period last year, demonstrating its strong rise in the DEX aggregator market. This growth is primarily attributed to its unique 'Coincidence of Wants (CoW)' mechanism, which directly matches traders whenever possible, reducing reliance on liquidity pools, decreasing slippage and trading costs, and enhancing protection against frontrunning and maximum extractable value (MEV) exploitation.
At the same time, market leader 1inch's market share has dropped to 30%, showing that the new protocol is competing for industry leadership through innovation. With the return of institutional traders and large wallets, the efficiency of DEX aggregators in processing large transactions has become critical. How to optimize slippage management and provide competitive pricing for large transactions will be a key factor in determining market share allocation. 【15】
Overall, the rapid growth and market share increase of CoW Swap reflect traders' strong demand for efficient trading and optimized routing solutions. With intensifying market competition, the DEX aggregator space may see more innovation and changes.
Hot Reviews
Bybit hackers launder 50% of stolen ETH through THORChain
According to Spot on Chain monitoring, the Bybit hacker has successfully laundered 266,309 ETH in the past 5 and a half days, approximately $6.14 billion, accounting for 53.3% of the total stolen amount. The hacker mainly converts ETH to BTC through THORChain, laundering an average of 48,420 ETH per day. At this rate, the remaining 233,086 ETH is expected to be fully converted in just 5 days. As a decentralized cross-chain trading protocol, THORChain makes it difficult to trace or freeze funds, increasing the difficulty of regulation. At the same time, the large-scale selling of ETH and rising demand for BTC may cause certain market fluctuations.
In the future, regulators may strengthen monitoring of THORChain and related addresses, but due to its decentralized nature, enforcement remains challenging. Hackers may further diversify transaction paths to evade scrutiny and tracking. As the whitewashing process nears its end, market and regulatory responses are worth watching. [16]
MetaMask releases new roadmap, supports Bitcoin and Solana, and introduces smart contract accounts
MetaMask announced a new roadmap on February 28, planning to add support for Bitcoin (BTC) and Solana (SOL) networks, allowing users to manage multi-chain assets in the same wallet. At the same time, MetaMask will introduce Smart Contract Accounts (CA), which support transaction recovery mechanisms compared to traditional Externally Owned Accounts (EOA), enhance security, and allow more complex automated transactions. In addition, the wallet will support ERC-5792 batch transactions to reduce Gas fees, improve transaction efficiency, and launch the MetaMask debit card in the United States to support cryptocurrency payments.
This upgrade has far-reaching implications for the market. The multi-chain support further consolidates MetaMask's leading position in the wallet market, pulling ahead of competitors such as Trust Wallet and Brave. The introduction of smart contract accounts may drive the development of Ethereum Account Abstraction (AA) technology, improving the user-friendliness of Web3 applications. In addition, the launch of MetaMask debit card will promote the popularization of crypto payments, accelerate the integration of cryptocurrencies with the real economy, and drive overall market adoption rates up. [17]
Jupiter collaborates with Bubblemaps to enhance transparency and reshape the DeFi ecosystem
Jupiter's Trenches platform has partnered with BubbleMaps to integrate token holder analytics. With this integration, users can visually view and analyze token holdings and transfers using BubbleMaps' interactive bubble maps on the Trenches platform. This helps users identify correlations between token holders and uncover potential market manipulation, thereby increasing the transparency and accuracy of investment decisions.
Bubblemaps' partnership with Jupiter enables users to more intuitively analyze token holdings and money flow paths. This is crucial for the DeFi space, as many projects have opaque token distributions, which can lead to market manipulation or insider trading by whales. This cooperation enhances the transparency of the DeFi ecosystem, which may have an impact on the trading strategies of some large investors and project parties in the short term, but in the long run, it will contribute to the healthy development of the market and improve the trust of retail investors and institutions. For Jupiter, this is a key layout to enhance the competitiveness of the ecosystem, which may attract more stable investors and promote the further decentralization of the Solana ecosystem. 【18】
Ripple and Korean BDACS reach cooperation, promote institutional custody development of XRP and RLUSD
Ripple announced a strategic partnership with the South Korean digital asset company BDACS to provide institutional custody services for XRP and RLUSD. According to the cooperation agreement, BDACS will utilize Ripple's custody solution to provide secure custody for digital assets, including XRP and RLUSD. This is in line with the regulatory approval roadmap of the Financial Services Commission (FSC) of South Korea, aimed at promoting institutional investor participation in the South Korean digital asset market.
Ripple has been promoting XRP as an international payment solution, and this partnership not only boosts XRP adoption in the South Korean market, but also provides better institutional-grade custody support for XRP and RLUSD. Overall, the partnership strengthens Ripple's presence in the South Korean market and could bring new growth momentum to its payments and stablecoin businesses. However, in the short term, it remains to be watched for XRP price volatility and market acceptance of RLUSD. 【19】
Financing Information
According to RootData data, in the past 24 hours, a total of 6 projects have publicly announced financing, with a total financing amount of more than 22 million US dollars, and the highest single financing amount of 12 million US dollars, involving infrastructure, DePIN and other fields, the following are the financing details:[20]
**Orochi Network **- Orochi Network has completed a $12 million financing round, with participation from Presto Labs, Smape Capital, and others. Orochi Network focuses on building a verifiable data infrastructure, aiming to provide efficient and secure data solutions for the blockchain ecosystem.
The funding will help accelerate product development and market expansion, further strengthen its position in the crypto space, and strengthen the development of Web3 data verifiable infrastructure, while also reflecting the institution's strong focus on decentralized data transparency and security. In the long run, if the project can successfully standardize data validation, it will have a profound impact on DeFi, NFT, cross-chain protocols, and other fields.
**Shaga **- Shaga has completed a $4 million financing round, with participation from IOSG Ventures, Everyrealm, and others. Shaga is a decentralized physical infrastructure network (DePIN) project in the Solana ecosystem, dedicated to breaking through hardware limitations and providing ultra-low latency, high-performance cloud gaming experience, allowing global users to enjoy high-quality game content more conveniently. The project allows ordinary users to convert idle gaming computers into network nodes, providing computing power support to other players. Participants can receive token incentives while contributing hardware resources, thereby reducing the barrier to entry for high-performance gaming.
**Finisterra **- Finisterra Labs has completed a $3.75 million seed round of financing, with participation from Haun Ventures, Lightshift, and others. Finisterra Labs is a Web3 technology company focused on decentralized data infrastructure. This round of financing will be used to develop the decentralized data marketplace Baselight, aimed at addressing issues such as data fragmentation, high access costs, and unfair profit models. The Baselight platform will provide data services that are queryable, computable, and monetizable for financial analysts, DeFi developers, AI teams, and more. The team plans to expand the data ecosystem, optimize analytics engines, and deepen the integration of AI, finance, and blockchain to promote data democratization.
As Baselight develops, it may bring new changes to the data service field, promote open sharing of data, and fair distribution of benefits.
Airdrop Opportunity
SoneX
SoneX is the core DeFi project of the Soneium ecosystem, supported by Sony Block Solutions Labs and Startale. As one of the first projects incubated on the Soneium mainnet, SoneX is positioned as an AI-powered decentralized exchange (DEX). Its goal is to provide users with efficient and secure digital asset trading and financial services. SoneX recently launched the Astar Contribution Points (ACS) campaign, which allows users to participate in ASTR staking on the Sonex platform from February 20 to May 30, 2025, and receive dual incentives of tokens and points. These points may be directly related to future ecological airdrops, aiming to motivate users to actively participate in the construction of the platform ecosystem. 【21】
How to Participate:
Prompt: Airdrop plans and participation methods may be updated at any time. Users are advised to follow SoneX's official channels for the latest information. At the same time, users should participate cautiously, be aware of risks, and conduct sufficient research before participating. Gate.io does not guarantee subsequent airdrop rewards.
Resources:
**gate Research Institute** gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Click linkto go now
Disclaimer Cryptocurrency market investments involve high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.